Great Cleveland Investment - 11% Returns (Cleveland Heights)

[Isaac Taylor]

CLEVELAND INVESTMENT PROPERTY OVERVIEW

• Market: Metro Cleveland Area
• Listing Price: $99,900
• Rehab Estimate: $3,000
• Address: Sylvania, Cleveland Heights, Cleveland, OH
• Beds / Baths / Sq Ft: 3 beds / 2 baths / 1,444 sq ft
• Property Description: This three bedroom colonial offers four floors of living space, a spacious living and dining room, and a second floor with office space Just add heat to the third floor and expand your total living square footage with the opportunity of a fourth bedroom, family room or playroom. Lower level has a recreation room, decorative fireplace and separate utility work room with built in work bench. Wonderful rear yard is partially fenced, perfect for entertaining and relaxing. Detached two car garage. Conveniently located close to city dog park, Cleveland Metro Park, shopping, restaurants, hospitals, recreation center, and schools. Just minutes to Downtown Cleveland and University Circle.

FINANCIAL SUMMARY - Click here for more details!

At Listing Price Purchase Price: $99,900 Rehab: $3,000 Closing Costs: $2,997 Total Investment: $105,897 Financed Amount: $79,423 Cash Investment: $26,474 Annual Revenue: $13,200 Annual Expenses: $8,225 Interest: $3,971 Net Income: $1,004 Annual Return: 4% Annual Appreciation: $1,998 Total Return Potential: 11%

At Recommended Price Purchase Price: $86,000 Rehab: $3,000 Closing Costs: $2,580 Total Investment: $91,580 Financed Amount: $68,685 Cash Investment: $22,895 Annual Revenue: $13,200 Annual Expenses: $8,225 Interest: $3,434 Net Income: $1,540 Annual Return: 7% Annual Appreciation: $1,998 Total Return Potential: 15%

Want to Learn More About This Property?

• Find Out About the Neighborhood: Median Income, Poverty Rate, Unemployment Rate, % of Renters, Etc.
• Income Potential: See what similar homes are renting for in this neighborhood
• Expense Expectations: See a detailed breakdown of key expenses like property taxes and insurance